The pair moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.91542 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.92466 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.91542 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.92466 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance |
Price Range* |
3rd High |
0.93191 |
2nd High |
0.92849 |
Next High |
0.92466 |
Current Price |
0.92024 |
Next Low |
0.91542 |
2nd Low |
0.91044 |
3rd Low |
0.90955 |
Download AUD/CAD Signal Image
Trading Signals: FOREX – AUD – AUD/CAD – CAD